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Author:Betts, Jerram C. 

Conference Paper
The location of new foreign-owned manufacturing plants in the United States and Seventh Federal Reserve District

Assessing the Midwest Economy , Paper GL-5

Working Paper
To chain or not to chain trade-weighted exchange rate indexes

With the advent of chain calculations for the U.S. national income and product accounts, it seems reasonable to contemplate using the chain approach for other indexes, such as trade-weighted exchange rates (TWEXs). A fundamental criticism of measuring the growth of gross domestic product by a fixed-base-year method is that the estimates are highly sensitive, especially when the economy?s structure is changing dramatically, to the arbitrary choice of the base year. Such a criticism can be levied against TWEXs. In fact, even TWEXs constructed using a Paasche index rather than a Laspeyres index ...
Working Papers , Paper 1996-010

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